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The Latest Breaking News from Caixin Global

Iran Can Handle Escalating Tensions With Israel, Beijing Says

Chinese foreign minister Wang Yi conveyed the remarks to his Iranian counterpart during a call following the Islamic Republic’s bombardment of Israel over the weekend

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Former Provincial Vice Chairman Stung for Graft

Qin Rupei, ex-deputy chief of the Guangxi Zhuang autonomous region, was last seen in public a week ago

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Shanghai Composite Index Rose 2.14% on Wednesday

Shenzhen Component Index closed up 2.48%

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China Regains the Travel Bug as Air and Rail Trips Soar

Passenger numbers hit record highs for airlines and trains as travel demand rebounds after Covid

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Shanghai Plans $276 Billion Funding Support for Innovative Tech Firms

Loan guarantee program aims to assist private business in supporting the development of new ‘productive forces’

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More Overseas Buyers Turn Out for Canton Fair in Strong Sign for Exports

China’s biggest trade fair drew more than 60,000 purchasers from abroad on its opening day

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Ex-Top Legislature Official in Inner Mongolia Hit With Corruption Probe

Du Zi, former deputy chief of the regional legislature’s standing committee, is under investigation for violating party discipline and law

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Shanghai Composite Index Fell 1.65% on Tuesday

Shenzhen Component Index closed down 2.29%

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Shanghai Composite Index Rose 1.26% on Monday

Shenzhen Component Index closed up 1.53%

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Deutsche Bank’s Panda Bond Shows Market’s Appetite for Low-Cost Yuan Debt

The German lender raises $415 million in the largest issuance of the instrument by a financial firm in six years

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Ex-Deputy at Beijing Education Commission Gets 10 Years in Prison for Bribery

Liu Xiaoming, also fined more than $82,000, is one of the latest officials punished in an ongoing campaign against corruption in the field

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Shanghai Composite Index Fell 0.49% on Friday

Shenzhen Component Index closed down 0.78%

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Beijing Appoints New Sci-Tech Vice Minister

Long Teng, current president of the Beijing Institute of Technology, was appointed to the position Thursday, alongside other promotions including two new assistant public security ministers

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Former Fire and Rescue Deputy Chief Pleads Guilty to Taking Over $5 Million in Bribes

Zhang Fusheng exploited his positions in the emergency management and public security ministries to help others with project contracting and career promotion over a 25-year period

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news in one place.

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Smart Service Provider Terminus Raises $276 Million to Fund LLM Applications

The money raised will be used to enhance the research and development of AIoT and expand the business into the global market

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Huawei Relaunch S7 With Cheaper Prices, Upgraded Specifications

Price cuts and specification upgrades as Huawei unveils its Luxeed S7 electric sedan made in conjunction with Chery Automobile Co.

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Weekly Must-Read: China’s Mammoth Effort to Help Foreigners Spend, Spend, Spend

While scanning QR codes is the ubiquitous payment method in China, it’s not available to most foreign visitors, making it a major hassle to even buy a coffee

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Overseas Energy-Storage Projects Could Be the Answer to China’s Battery Glut, Report Argues

'Tens of thousands' of companies flooded into the sector last year, squeezing profits in the oversupplied industry, white paper says

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Provincial Energy Official Caught in China’s Coal Industry Corruption Crackdown

Wang Maosheng, deputy director of the Shanxi Provincial Energy Administration and a former executive at multiple state-owned coal companies, is being investigated for graft

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Shanghai Composite Index Rose 0.23% on Thursday

Shenzhen Component Index finished nearly flat

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President Xi Jinping Meets Ex-Taiwan Leader Ma Ying-jeou in Beijing

China’s leader calls for joint efforts to pursue peaceful reunification saying ‘There is no rancor that cannot be resolved’

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Zijin Mining Tops $65 Billion in Market Cap on Surging Mineral Prices

Zijin Mining joins top 20 of domestically listed firms as the price of gold and copper continues to surge

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Hebei Provincial Official Appointed to Communist Party’s Top Economic Body

Yan Pengcheng named deputy director at the Office of the Central Financial and Economic Affairs Commission, which leads China’s national economic work

Caixin Global

Battery Giant CATL Unveils More Efficient Energy Storage System

The launch of the Tianheng is a boost for the firm as it looks to expand beyond its dominant EV battery business

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Hong Kong Customs Seizes $11 Million in Gold in Record Bust

The roughly 146 kilograms of the precious metal was found during an inspection of two air compressors in a shipment bound for Japan, the authority says

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